We will risk a maximum of 1% (often times less) capital on each trade.
1. Let's configure our Risk to be a maximum of 1%.
2. For our strategy, let 's configure max units to 5 to limit our loss even further. Given a pyramid multiplier of 1. The platform will add another unit every time the price goes in our direction by ATR amount.
3. Let's set our stop loss to 2.75x to allow for sufficient price movement. This is to prevent us from getting stopped out at every turn.
4. And that's it. The final configuration should look like this:
5. Don't forget to click on save to update our strategy.